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Auditing Acronyms

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K

K-1 - Schedule K-1 (Schedule used to report a partner's share of partnership income, deductions, credits, and losses.)

KB - knowledge base (expert system component containing specific information or fact patterns associated with a particular subject matter and the rules for interpreting these facts)

KCBT - Kansas City Board of Trade (exchange for selling of agricultural product contracts - futures/options)

KDD - knowledge discovery in database (also known as data mining - process of analyzing large amounts of data to look for patterns and relationships)

KGI - key goal indicator (performance measure telling management whether its project goals have been achieved)

KPI - key performance indicator (most important/significant of all performance indicators)

KRI - key risk indicator (indicator of risk which is particularly significant amoung the larger pool of risk indicators)

KYC - Know Your Customer Rule (concept in the securities industry of obtaining sufficient financial information from a customer in order to know what risks they can take and what securities products they can buy)